Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / akhilesh kumar
Debit & Credit depends upon criteria of principal
1- debit is the receiver & credit is the giver
example. syham goods sold to ram ,
ram is a receiver dr
shyam is a giver cr
2- what come in debit & what goes out credit.
example. goods purchase for cash
purchase of goods (debit)come in
cash ( credit)goes out
3- all expenses & losses are debit & all income &gain are
credit.
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
what is mixed invoice, prepaid invoice,quick invoice,podefault invoice,withholding tax invoice,please explain me in detail?
how we could adj. the entries of prop. & firm in merging time
Can I freeze my account?
Short Answer on ________Accounts Payables
what is Calculation of Depreciation for 4 to 5 Years?
Why we reconcile our debtors? what steps we taken during reconciliation.
in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule
what is debit/credit note ? what deffered income and expencess?
What is the due date for filing monthly & annual sales tax returns in karanataka
post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.
what are the content of purchase order?
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
Expand---------OST
